15 Sep 2014 17:13
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
15 September 2014
Statement regarding iomart Group plc ("iomart")
On 19 August 2014, Host Europe Holdings Ltd. ("Host") confirmed that it had approached iomart regarding a possible recommended cash offer.
Host has subsequently terminated these discussions and confirms that it is no longer considering making an offer for iomart.
As a consequence of this announcement, Host will, except with the consent of the Takeover Panel, be bound by the restrictions on making an offer for iomart contained in Rule 2.8 of the UK Takeover Code for six months from the date of this announcement. However, Host reserves the right to make an offer in the circumstances set out in Note 2 on Rule 2.8 of the UK Takeover Code.
In accordance with Rule 30.4 of the UK Takeover Code, a copy of this announcement will be made available at www.heg.com/media/press-releases.
Enquiries:
Host | |
James Shutler | +44 (0) 208 061 1500 |
Cinven | |
Vanessa Maydon | +44 (0) 7802 961 902 |
FTI Consulting (PR Adviser) | |
Edward Bridges | +44 (0) 207 269 7147 |
Iomart (IOM)